VanEck Steel ETF
ALTAR
Score™		 16.7% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 13.1x P/Sales
ratio		 0.6x
P/BV
ratio		 0.9x Div.
yield		 3.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
VanEck Vectors Steel Index Fund seeks investment results that correspond to the price and yield of the Amex Steel Index.

FUND BASICS
Category Global Equities
Fund Sponsor Van Eck Associates Corp
Website www.vaneck.com
Inception date Oct 10, 2006
Assets (mns) $75
Currency USD
Expense ratio 56 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 27
Wgt avg mkt cap (mns) $22,597
Large cap (>$10bn) 50.5%
Mid cap ($2-10bn) 28.4%
Small cap (<$2bn) 11.9%
Developed mkts 81.2%
Emerging mkts 18.8%

TOP TEN HOLDINGS
RIO TINTO PLC-SPON ADR 10.6 %
VALE SA-SP ADR 8.1 %
ALLEGHENY TECHNOLOGIES INC 6.6 %
RELIANCE STEEL & ALUMINUM 5.5 %
CARPENTER TECHNOLOGY 5.5 %
STEEL DYNAMICS INC 5.3 %
NUCOR CORP 5.1 %
ARCELORMITTAL SA ADR 4.9 %
UNITED STATES STEEL CORP 4.8 %
COMMERCIAL METALS CO 4.7 %
Total 61.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 54.0 %
BRAZIL 16.5 %
LUXEMBOURG 13.5 %
BRITAIN 10.6 %
SOUTH KOREA 4.6 %
CANADA 0.6 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
2.9% -12.7% 24.5% 9.2% 4.8%

Market Correlations
versus... Beta R-squared
S&P500 1.41 56%
MSCI EAFE 1.56 72%
MSCI Emg. Mkts. 1.31 51%

Technical Indicators
Recent close $63.50
30d moving avg. $58.90
Annualized volatility 31.1%
Short interest (ETF) 0.6%
Short interest (Underlying) 4.9%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.7%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $1,035

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 470 potential alternatives to the VanEck Steel ETF ETF based on the alternatives' overlap in portfolio holdings with SLX. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SLX Expense: 56 bp ALTAR Score™: 16.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SLX
Ticker Fund
Name		 Overlap1
vs SLX
(%)		 Expense
ratio
(bp)		 Savings
vs SLX
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs SLX
(%)
XME SPDR S&P Metals & Mining ETF 44.2 35 21 9.8 -6.9
FXZ First Trust Materials AlphaDEX Fund 18.7 61 -5 11.5 -5.2
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 18.0 60 -4 7.1 -9.5
EV Mast Global Battery Recycling & Production ETF 13.9 65 -9 10.7 -5.9
IYM iShares U.S. Basic Materials ETF 11.6 40 16 6.9 -9.8
PICK iShares MSCI Global Metals & Mining Producers ETF 10.1 39 17 14.0 -2.6
PAVE Global X U.S. Infrastructure Development ETF 9.1 47 9 5.7 -10.9
HWAY Themes US Infrastructure ETF 8.4 29 27 6.7 -10.0
ILF iShares Latin America 40 ETF 8.4 48 8 13.0 -3.7
VAW Vanguard Materials ETF 8.2 10 46 6.5 -10.2
FMAT Fidelity MSCI Materials Index ETF 7.9 8 48 6.5 -10.2
RSPM Invesco S&P 500 Equal Weight Materials ETF 7.6 40 16 7.8 -8.8
ZIG Acquirers Fund 7.0 84 -28 20.5 +3.8
IFRA iShares U.S. Infrastructure ETF 6.6 30 26 6.5 -10.2
NANR SPDR S&P North American Natural Resources ETF 6.5 35 21 8.7 -7.9
PSCM Invesco S&P SmallCap Materials ETF 6.4 29 27 14.3 -2.4
HAP VanEck Natural Resources ETF 6.4 50 6 10.1 -6.6
CCSO Carbon Collective Climate Solutions US Equity ETF 6.2 35 21 1.2 -15.4
XLB Materials Select Sector SPDR Fund 6.0 8 48 6.2 -10.4
BRAZ Global X Brazil Active ETF 5.9 75 -19 12.9 -3.7
RFV Invesco S&P Midcap 400 Pure Value ETF 5.5 35 21 14.0 -2.7
LYLD Cambria Large Cap Shareholder Yield ETF 5.5 59 -3 9.9 -6.8
GNR SPDR S&P Global Natural Resources ETF 4.9 40 16 11.7 -5.0
OIH VanEck Oil Services ETF 4.5 35 21 5.3 -11.4
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 4.4 60 -4 9.4 -7.3
WTV WisdomTree US Value Fund of Benef Interest 4.2 12 44 9.3 -7.4
ICOP iShares Copper and Metals Mining ETF 4.0 47 9 9.8 -6.9
RFG Invesco S&P Midcap 400 Pure Growth ETF 3.9 35 21 5.3 -11.3
RSHO Tema American Reshoring ETF 3.9 75 -19 4.9 -11.8
SPGP Invesco S&P 500 GARP ETF 3.8 34 22 9.5 -7.2
SYLD Cambria Shareholder Yield ETF 3.7 59 -3 11.8 -4.8
MXI iShares Global Materials ETF 3.6 41 15 8.0 -8.7
IPAV Global X Infrastructure Development ex-U.S. ETF 3.5 55 1 7.9 -8.8
ECML Euclidean Fundamental Value ETF 3.3 95 -39 13.1 -3.6
EQRR ProShares Equities for Rising Rates ETF 3.2 35 21 8.3 -8.3
KONG Formidable Fortress ETF 2.9 89 -33 5.9 -10.8
RBLD First Trust Alerian US NextGen Infrastructure ETF 2.9 65 -9 5.1 -11.6
HAPY Harbor Human Capital Factor Unconstrained ETF 2.7 50 6 5.7 -11.0
RWK Invesco S&P MidCap 400 Revenue ETF 2.6 39 17 9.8 -6.9
FTA First Trust Large Cap Value AlphaDEX Fund 2.6 59 -3 9.3 -7.3
IJJ iShares S&P Mid-Cap 400 Value ETF 2.6 18 38 9.2 -7.5
MDYV SPDR S&P 400 Mid Cap Value ETF 2.6 15 41 9.2 -7.5
IVOV Vanguard S&P Mid-Cap 400 Value ETF 2.5 15 41 9.2 -7.4
DSMC Distillate Small/Mid Cash Flow ETF 2.5 55 1 13.5 -3.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.5 70 -14 15.3 -1.3
XMMO Invesco S&P MidCap Momentum ETF 2.4 34 22 5.5 -11.1
TPHD Timothy Plan High Dividend Stock ETF 2.4 52 4 7.0 -9.7
TPHE Timothy Plan High Dividend Stock Enhanced ETF 2.4 54 2 7.3 -9.4
WCEO Hypatia Women CEO ETF 2.3 85 -29 4.8 -11.9
PKB Invesco Building & Construction ETF 2.3 62 -6 4.6 -12.1
SIXS ETC 6 Meridian Small Cap Equity ETF 2.2 89 -33 10.4 -6.2
LSAF LeaderShares AlphaFactor US Core Equity ETF 2.2 75 -19 7.3 -9.3
QMOM Alpha Architect U.S. Quantitative Momentum ETF 2.1 39 17 3.7 -13.0
SURE AdvisorShares Insiders Advantage ETF 2.1 90 -34 9.9 -6.7
DFSV Dimensional US Small Cap Value ETF 2.1 31 25 10.8 -5.8
MAGA Point Bridge America First ETF 2.1 72 -16 6.0 -10.7
MDY SPDR S&P Midcap 400 ETF Trust 2.1 24 32 7.4 -9.2
GRPZ Invesco S&P SmallCap 600 GARP ETF 2.1 35 21 10.7 -6.0
IJH iShares Core S&P Mid-Cap ETF 2.1 5 51 7.6 -9.0
BSVO EA Bridgeway Omni Small-Cap Value ETF 2.0 47 9 9.8 -6.9
UPGD Invesco Bloomberg Analyst Rating Improvers ETF 2.0 40 16 6.2 -10.5
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 2.0 3 53 7.6 -9.0
IVOO Vanguard S&P Mid-Cap 400 ETF 2.0 10 46 7.6 -9.1
CNRG SPDR S&P Kensho Clean Power ETF 2.0 45 11 0.6 -16.0
PSC Principal U.S. Small-Cap ETF 1.9 38 18 7.0 -9.6
EDOG ALPS Emerging Sector Dividend Dogs ETF 1.8 60 -4 10.6 -6.0
GCOW Pacer Global Cash Cows Dividend ETF 1.8 60 -4 11.1 -5.6
SMAP Amplify Small-Mid Cap Equity ETF 1.8 60 -4 5.5 -11.1
XJH iShares ESG Screened S&P Mid-Cap ETF 1.8 12 44 7.3 -9.3
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 1.8 15 41 7.5 -9.1
ROSC Hartford Multifactor Small Cap ETF 1.8 34 22 10.1 -6.6
BRIF FIS Bright Portfolios Focused Equity ETF 1.8 65 -9 4.6 -12.0
ARB AltShares Merger Arbitrage ETF 1.8 77 -21 3.9 -12.8
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 1.8 35 21 7.1 -9.5
SCHM Schwab U.S. Mid-Cap ETF 1.8 4 52 6.9 -9.8
VRAI Virtus Real Asset Income ETF 1.8 55 1 10.4 -6.3
GRPM Invesco S&P MidCap 400 GARP ETF 1.8 35 21 9.4 -7.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.8 29 27 8.9 -7.7
DSTL Distillate US Fundamental Stability & Value ETF 1.7 39 17 8.4 -8.3
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 1.7 24 32 8.2 -8.5
DFAT Dimensional U.S. Targeted Value ETF 1.7 28 28 10.0 -6.7
AFSM First Trust Active Factor Small Cap ETF 1.7 75 -19 7.7 -9.0
AVUV Avantis U.S. Small Cap Value ETF 1.6 25 31 10.5 -6.1
RDVY First Trust Rising Dividend Achievers ETF 1.6 50 6 7.6 -9.1
FAB First Trust Multi Cap Value AlphaDEX Fund 1.6 67 -11 10.5 -6.2
PDP Invesco Dorsey Wright Momentum ETF 1.6 62 -6 3.7 -12.9
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.6 35 21 6.0 -10.6
DINT Davis Select International ETF 1.5 55 1 8.2 -8.5
TMDV ProShares Russell US Dividend Growers ETF 1.5 35 21 6.4 -10.2
SQLV Royce Quant Small-Cap Quality Value ETF 1.5 60 -4 10.0 -6.6
GURU Global X Guru Index ETF 1.5 75 -19 4.1 -12.6
FESM Fidelity Enhanced Small Cap ETF 1.5 28 28 8.1 -8.6
JMEE JPMorgan Market Expansion Enhanced Equity ETF 1.5 24 32 8.0 -8.6
IJK iShares S&P Mid-Cap 400 Growth ETF 1.5 17 39 6.0 -10.7
DRIV Global X Autonomous & Electric Vehicles ETF 1.5 68 -12 6.6 -10.0
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 1.5 15 41 6.0 -10.7
MDYG SPDR S&P 400 Mid Cap Growth ETF 1.4 15 41 6.0 -10.7
MDLV Morgan Dempsey Large Cap Value ETF 1.4 58 -2 7.6 -9.1
NUMV Nuveen ESG Mid-Cap Value ETF 1.4 31 25 7.1 -9.6
HAIL SPDR S&P Kensho Smart Mobility ETF 1.4 45 11 2.6 -14.1
STXM Strive Mid-Cap ETF 1.4 18 38 6.5 -10.2
BIBL Inspire 100 ETF 1.4 35 21 5.3 -11.3
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.4 7 49 6.3 -10.3
JPUS JPMorgan Diversified Return U.S. Equity ETF 1.4 18 38 7.8 -8.9
VBR Vanguard Small Cap Value ETF 1.4 7 49 9.4 -7.3
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 1.3 60 -4 8.2 -8.5
APIE ActivePassive International Equity ETF 1.3 45 11 7.6 -9.0
SMLF iShares U.S. SmallCap Equity Factor ETF 1.3 15 41 6.5 -10.1
EQAL Invesco Russell 1000 Equal Weight ETF 1.3 20 36 7.1 -9.6
VFVA Vanguard U.S. Value Factor ETF 1.3 13 43 11.5 -5.2
NUSC Nuveen ESG Small-Cap ETF 1.3 31 25 5.6 -11.1
QQQJ Invesco NASDAQ Next Gen 100 ETF 1.3 15 41 5.4 -11.3
DFAS Dimensional U.S. Small Cap ETF 1.3 26 30 6.8 -9.9
AVLV Avantis U.S. Large Cap Value ETF 1.3 15 41 8.0 -8.6
FEX First Trust Large Cap Core AlphaDEX Fund 1.3 59 -3 6.2 -10.5
SCHA Schwab U.S. Small-Cap ETF 1.2 4 52 6.5 -10.2
PRAY FIS Christian Stock Fund 1.2 69 -13 5.4 -11.3
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 1.2 60 -4 10.1 -6.6
SVAL iShares US Small Cap Value Factor ETF 1.2 20 36 11.2 -5.5
IMCV iShares Morningstar Mid-Cap Value ETF 1.2 6 50 8.4 -8.3
GOP Unusual Whales Subversive Republican Trading ETF 1.2 50 6 6.1 -10.6
AFMC First Trust Active Factor Mid Cap ETF 1.2 65 -9 8.7 -8.0
ONEV SPDR Russell 1000 Low Volatility Focus ETF 1.2 20 36 7.6 -9.0
AVES Avantis Emerging Markets Value ETF 1.2 36 20 12.0 -4.7
VB Vanguard Small-Cap ETF 1.1 5 51 6.3 -10.3
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 1.1 39 17 6.1 -10.6
SPVM Invesco S&P 500 Value with Momentum ETF 1.1 39 17 8.5 -8.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.1 30 26 10.1 -6.6
KRMA Global X Conscious Companies ETF 1.1 43 13 5.9 -10.8
PPA Invesco Aerospace & Defense ETF 1.1 58 -2 2.7 -14.0
FDLS Inspire Fidelis Multi Factor ETF 1.1 76 -20 5.1 -11.6
REVS Columbia Research Enhanced Value ETF 1.1 19 37 7.9 -8.8
PKW Invesco Buyback Achievers ETF 1.1 62 -6 7.6 -9.1
CHGX AXS Change Finance ESG ETF 1.1 49 7 4.9 -11.8
XMVM Invesco S&P MidCap Value with Momentum ETF 1.1 39 17 9.8 -6.8
JHMM John Hancock Multifactor Mid Cap ETF 1.1 42 14 6.5 -10.2
ISCV iShares Morningstar Small Cap Value ETF 1.0 6 50 9.7 -7.0
ESML iShares ESG Aware MSCI USA Small-Cap ETF 1.0 17 39 6.1 -10.6
ISCB iShares Morningstar Small-Cap ETF 1.0 4 52 6.3 -10.3
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 1.0 39 17 6.7 -10.0
RPV Invesco S&P 500 Pure Value ETF 1.0 35 21 10.8 -5.8
USVM VictoryShares US Small Mid Cap Value Momentum ETF 1.0 25 31 8.2 -8.4
FSCS First Trust SMID Capital Strength ETF 1.0 60 -4 6.9 -9.8
CALF Pacer US Small Cap Cash Cows 100 ETF 1.0 59 -3 11.5 -5.1
DFEV Dimensional Emerging Markets Value ETF 1.0 43 13 14.0 -2.7
RNSC Furst Trust Small Cap US Equity Select ETF 1.0 60 -4 5.9 -10.7
ISCG iShares Morningstar Small-Cap Growth ETF 1.0 6 50 2.9 -13.7
SPVU Invesco S&P 500 Enhanced Value ETF 1.0 13 43 10.2 -6.5
IWN iShares Russell 2000 Value ETF 1.0 24 32 8.1 -8.5
IWS iShares Russell Mid-Cap Value ETF 1.0 23 33 6.9 -9.7
VSDA VictoryShares Dividend Accelerator ETF 1.0 35 21 7.0 -9.6
RSSL Global X Russell 2000 ETF 1.0 8 48 4.7 -11.9
MIDE Xtrackers S&P MidCap 400 ESG ETF 1.0 15 41 8.2 -8.5
RZV Invesco S&P Smallcap 600 Pure Value ETF 1.0 35 21 11.4 -5.3
VTWV Vanguard Russell 2000 Value ETF 1.0 15 41 8.1 -8.5
CCNR ALPS CoreCommodity Natural Resources ETF 1.0 39 17 12.1 -4.6
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 1.0 52 4 5.5 -11.2
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 1.0 58 -2 5.4 -11.3
EDIV SPDR S&P Emerging Markets Dividend ETF 1.0 49 7 11.8 -4.9
FYT First Trust Small Cap Value AlphaDEX Fund 0.9 73 -17 11.6 -5.1
LIVR Intelligent Livermore ETF 0.9 69 -13 6.5 -10.2
IWM iShares Russell 2000 ETF 0.9 19 37 4.7 -11.9
VTWO Vanguard Russell 2000 ETF 0.9 10 46 4.7 -11.9
VXF Vanguard Extended Market ETF 0.9 6 50 5.0 -11.7
VFMF Vanguard U.S. Multifactor ETF 0.9 18 38 8.3 -8.4
DFLV Dimensional US Large Cap Value ETF 0.9 22 34 8.2 -8.5
JHSC John Hancock Multifactor Small Cap ETF 0.9 42 14 7.0 -9.7
IWO iShares Russell 2000 Growth ETF 0.9 24 32 1.4 -15.3
VTWG Vanguard Russell 2000 Growth ETF 0.9 15 41 1.5 -15.2
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 0.9 15 41 7.5 -9.2
AFLG First Trust Active Factor Large Cap ETF 0.9 55 1 6.2 -10.5
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.9 70 -14 2.9 -13.8
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.9 20 36 6.1 -10.6
VBK Vanguard Small-Cap Growth ETF 0.9 7 49 1.9 -14.7
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.9 65 -9 12.1 -4.6
KOMP SPDR S&P Kensho New Economies Composite ETF 0.9 20 36 3.5 -13.2
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.9 43 13 6.3 -10.4
ISMD Inspire Small/Mid Cap ETF 0.9 54 2 6.1 -10.5
PY Principal Value ETF 0.8 15 41 7.4 -9.2
DVYE iShares Emerging Markets Dividend ETF 0.8 49 7 18.6 +1.9
XSHQ Invesco S&P SmallCap Quality ETF 0.8 29 27 8.3 -8.4
EVX VanEck Environmental Services ETF 0.8 55 1 2.3 -14.4
ONEY SPDR Russell 1000 Yield Focus ETF 0.8 20 36 9.8 -6.9
ONEO SPDR Russell 1000 Momentum Focus ETF 0.8 20 36 7.1 -9.6
BLES Inspire Global Hope ETF 0.8 61 -5 6.9 -9.8
VOE Vanguard Mid-Cap Value ETF 0.8 7 49 7.8 -8.9
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.8 19 37 6.5 -10.2
FNDA Schwab Fundamental US Small Co. Index ETF 0.8 25 31 8.2 -8.5
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.8 95 -39 0.6 -16.0
TPSC Timothy Plan US Small Cap Core ETF 0.8 52 4 7.1 -9.6
AVSC Avantis U.S Small Cap Equity ETF 0.8 25 31 6.3 -10.4
AVEM Avantis Emerging Markets Equity ETF 0.8 33 23 9.4 -7.2
ROUS Hartford Multifactor US Equity ETF 0.8 19 37 7.2 -9.5
SDY SPDR S&P Dividend ETF 0.8 35 21 6.5 -10.1
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.8 4 52 6.3 -10.3
PSCI Invesco S&P SmallCap Industrials ETF 0.7 29 27 5.8 -10.9
VLUE iShares MSCI USA Value Factor ETF 0.7 15 41 10.2 -6.5
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.7 35 21 8.1 -8.6
DFUV Dimensional US Marketwide Value ETF 0.7 22 34 8.0 -8.7
IWR iShares Russell Midcap ETF 0.7 19 37 5.9 -10.7
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.7 65 -9 8.2 -8.5
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.7 15 41 6.1 -10.5
DON WisdomTree U.S. MidCap Dividend Fund 0.7 38 18 8.9 -7.7
SFYX SoFi Next 500 ETF 0.7 0 56 5.9 -10.8
DEEP Roundhill Acquirers Deep Value ETF 0.7 80 -24 18.6 +1.9
USCF Themes US Cash Flow Champions ETF 0.7 29 27 9.1 -7.5
YALL God Bless America ETF 0.7 65 -9 3.7 -12.9
BKSE BNY Mellon US Small Cap Core Equity ETF 0.7 4 52 6.3 -10.3
ROAM Hartford Multifactor Emerging Markets ETF 0.7 44 12 12.2 -4.5
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.7 39 17 10.0 -6.7
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 0.7 61 -5 6.8 -9.8
VLU SPDR S&P 1500 Value Tilt ETF 0.6 12 44 7.8 -8.9
SMMD iShares Russell 2500 ETF 0.6 15 41 6.6 -10.1
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 0.6 30 26 8.2 -8.5
QGRO American Century U.S. Quality Growth ETF 0.6 29 27 3.5 -13.2
DEUS Xtrackers Russell US Multifactor ETF 0.6 17 39 7.0 -9.6
AUSF Global X Adaptive U.S. Factor ETF 0.6 27 29 9.3 -7.4
DES WisdomTree U.S. SmallCap Dividend Fund 0.6 38 18 9.6 -7.1
IWC iShares Micro-Cap ETF 0.6 60 -4 -0.7 -17.3
LGCF Themes US Cash Flow Champions ETF 0.6 30 26 8.5 -8.2
IUS Invesco RAFI Strategic US ETF 0.6 19 37 6.9 -9.8
AVUS Avantis U.S. Equity ETF 0.6 15 41 6.1 -10.6
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.6 9 47 6.2 -10.5
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 0.6 20 36 5.0 -11.6
RZG Invesco S&P Smallcap 600 Pure Growth ETF 0.6 35 21 4.3 -12.4
FRDM Freedom 100 Emerging Markets ETF 0.6 49 7 8.8 -7.9
EZM WisdomTree U.S. MidCap Fund 0.6 38 18 9.4 -7.3
CVAR Cultivar ETF 0.6 87 -31 7.2 -9.5
FNDB Schwab Fundamental US Broad Market Index ETF 0.6 25 31 7.4 -9.2
STXK Strive Small-Cap ETF 0.6 18 38 6.4 -10.2
FNDX Schwab Fundamental US Large Co. Index ETF 0.6 25 31 7.4 -9.3
LRGF iShares U.S. Equity Factor ETF 0.6 8 48 5.7 -10.9
FYX First Trust Small Cap Core AlphaDEX Fund 0.6 61 -5 6.6 -10.1
XSVM Invesco S&P SmallCap Value with Momentum ETF 0.6 36 20 12.3 -4.3
AVSU Avantis Responsible U.S. Equity ETF 0.6 15 41 6.3 -10.4
ULVM VictoryShares US Value Momentum ETF 0.6 20 36 7.4 -9.2
FELV Fidelity Enhanced Large Cap Value ETF 0.6 18 38 6.9 -9.8
PTL Inspire 500 ETF 0.6 9 47 5.5 -11.2
IMCB iShares Morningstar Mid-Cap ETF 0.6 4 52 6.1 -10.5
JVAL JPMorgan U.S. Value Factor ETF 0.6 12 44 8.6 -8.0
RECS Columbia Research Enhanced Core ETF 0.6 15 41 6.1 -10.6
SHUS Syntax Stratified U.S. Total Market Hedged ETF 0.6 65 -9 6.4 -10.2
SSPY Syntax Stratified LargeCap ETF 0.6 30 26 6.7 -9.9
TEMP JPMorgan Climate Change Solutions ETF 0.5 49 7 5.9 -10.8
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.5 15 41 8.1 -8.5
CFA VictoryShares US 500 Volatility Wtd ETF 0.5 35 21 5.9 -10.8
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.5 40 16 5.9 -10.8
NULV Nuveen ESG Large-Cap Value ETF 0.5 26 30 6.4 -10.3
JSML Janus Henderson Small Cap Growth Alpha ETF 0.5 30 26 8.1 -8.6
FSMD Fidelity Small-Mid Multifactor ETF 0.5 15 41 7.3 -9.4
STXV Strive 1000 Value ETF 0.5 18 38 8.3 -8.4
CGDG Capital Group Dividend Growers ETF 0.5 47 9 6.3 -10.3
IJS iShares S&P Small-Cap 600 Value ETF 0.5 18 38 10.5 -6.2
EUSA iShares MSCI USA Equal Weighted ETF 0.5 9 47 6.2 -10.5
SIZE iShares MSCI USA Size Factor ETF 0.5 15 41 5.9 -10.8
SFLO VictoryShares Small Cap Free Cash Flow ETF 0.5 49 7 12.3 -4.3
QOWZ Invesco Nasdaq Free Cash Flow Achievers ETF 0.5 39 17 3.8 -12.9
FENI Fidelity Enhanced International ETF 0.5 28 28 6.9 -9.8
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.5 15 41 5.1 -11.5
DFAC Dimensional U.S. Core Equity 2 ETF 0.5 17 39 5.8 -10.9
MGMT Ballast Small/Mid Cap ETF 0.5 110 -54 9.4 -7.3
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.5 15 41 10.5 -6.2
FMDE Fidelity Enhanced Mid Cap ETF 0.5 23 33 5.9 -10.8
SLYV SPDR S&P 600 Small Cap Value ETF 0.5 15 41 10.5 -6.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.5 29 27 6.6 -10.1
DFVX Dimensional US Large Cap Vector ETF 0.5 22 34 6.5 -10.2
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 0.5 35 21 6.1 -10.6
SIXL ETC 6 Meridian Low Beta Equity ETF 0.5 80 -24 6.1 -10.6
FNX First Trust Mid Cap Core AlphaDEX Fund 0.5 60 -4 7.8 -8.8
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 0.5 80 -24 8.1 -8.6
FVD First Trust Value Line Dividend Index Fund 0.5 65 -9 6.2 -10.4
GLOF iShares Global Equity Factor ETF 0.5 20 36 6.9 -9.8
SPEM SPDR Portfolio Emerging Markets ETF 0.5 7 49 10.8 -5.9
IJR iShares Core S&P Small Cap ETF 0.4 6 50 8.0 -8.6
VO Vanguard Mid-Cap ETF 0.4 4 52 5.9 -10.8
SMCF Themes US Small Cap Cash Flow Champions ETF 0.4 29 27 13.2 -3.5
RODE Hartford Multifactor Diversified International ETF 0.4 29 27 11.0 -5.6
AVDE Avantis International Equity ETF 0.4 23 33 7.9 -8.8
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.4 25 31 6.0 -10.7
VIOO Vanguard S&P Small-Cap 600 ETF 0.4 10 46 8.0 -8.6
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.4 3 53 8.1 -8.6
CVY Invesco Zacks Multi-Asset Income ETF 0.4 106 -50 12.3 -4.3
EES WisdomTree U.S. SmallCap Fund 0.4 38 18 9.3 -7.3
FDWM Fidelity Women's Leadership ETF 0.4 59 -3 5.2 -11.5
JHML John Hancock Multifactor Large Cap ETF 0.4 29 27 5.5 -11.1
DIVB iShares Core Dividend ETF 0.4 5 51 7.9 -8.8
DGRS WisdomTree US Smallcap Quality Dividend Growth Fund 0.4 38 18 10.5 -6.2
PRF Invesco FTSE RAFI US 1000 ETF 0.4 39 17 7.1 -9.6
DCOR Dimensional US Core Equity 1 ETF 0.4 14 42 5.6 -11.1
CGGR Capital Group Growth ETF 0.4 39 17 3.4 -13.3
BOUT Innovator IBD Breakout Opportunities ETF 0.4 81 -25 3.1 -13.6
IJT iShares S&P Small-Cap 600 Growth ETF 0.4 18 38 5.7 -11.0
RSP Invesco S&P 500 Equal Weight ETF 0.4 20 36 6.5 -10.1
CCMG CCM Global Equity ETF 0.4 34 22 8.8 -7.8
ETHO Etho Climate Leadership U.S. ETF 0.4 47 9 5.6 -11.0
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.4 15 41 5.8 -10.9
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.4 9 47 4.7 -12.0
SLYG SPDR S&P 600 Small Cap Growth ETF 0.4 15 41 5.7 -10.9
DFSU Dimensional US Sustainability Core 1 ETF 0.4 18 38 5.6 -11.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.4 38 18 9.9 -6.8
FBCG Fidelity Blue Chip Growth ETF 0.4 59 -3 3.1 -13.6
HAPS Harbor Human Capital Factor US Small Cap ETF 0.4 60 -4 4.3 -12.4
SELV SEI Enhanced Low Volatility U.S. Large Cap ETF 0.4 15 41 6.4 -10.3
FVAL Fidelity Value Factor ETF 0.4 15 41 7.2 -9.5
COWZ Pacer US Cash Cows 100 ETF 0.4 49 7 9.5 -7.2
NUDV Nuveen ESG Dividend ETF 0.4 26 30 7.5 -9.2
DFAE Dimensional Emerging Core Equity Market ETF 0.3 35 21 10.0 -6.6
IWD iShares Russell 1000 Value ETF 0.3 19 37 6.6 -10.1
VONV Vanguard Russell 1000 Value ETF 0.3 8 48 6.7 -10.0
GVUS Marketbeta Russell 1000 Value Equity ETF 0.3 12 44 6.7 -10.0
IUSV iShares Core S&P US Value ETF 0.3 4 52 6.7 -10.0
EVUS iShares ESG Aware MSCI USA Value ETF 0.3 18 38 6.9 -9.7
VIG Vanguard Dividend Appreciation ETF 0.3 6 50 5.7 -10.9
ESIX SPDR S&P SmallCap 600 ESG ETF 0.3 12 44 8.6 -8.0
HAPI Harbor Human Capital Factor US Large Cap ETF 0.3 36 20 5.0 -11.7
JMOM JPMorgan U.S. Momentum Factor ETF 0.3 12 44 4.6 -12.0
GINX SGI Enhanced Global Income ETF 0.3 98 -42 7.4 -9.3
ITB iShares U.S. Home Construction ETF 0.3 40 16 12.3 -4.4
LGDX Intech S&P Large Cap Diversified Alpha ETF 0.3 25 31 5.3 -11.4
BFOR ALPS Barron's 400 ETF 0.3 65 -9 6.1 -10.6
FNK First Trust Mid Cap Value AlphaDEX Fund 0.3 70 -14 11.7 -5.0
XJR iShares ESG Screened S&P Small-Cap ETF 0.3 12 44 7.6 -9.0
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.3 30 26 6.8 -9.8
DFAU Dimensional US Core Equity Market ETF 0.3 12 44 5.3 -11.4
PFM Invesco Dividend Achievers ETF 0.3 53 3 5.4 -11.2
SCHV Schwab U.S. Large-Cap Value ETF 0.3 4 52 6.9 -9.8
COPY Tweedy, Browne Insider + Value ETF 0.3 80 -24 12.6 -4.1
ILCV iShares Morningstar Value ETF 0.3 4 52 6.8 -9.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.3 64 -8 2.3 -14.3
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.3 5 51 8.1 -8.5
RWL Invesco S&P 500 Revenue ETF 0.3 39 17 6.9 -9.8
VFMO Vanguard U.S. Momentum Factor ETF 0.3 13 43 3.2 -13.5
LQPE PEO AlphaQuest Thematic PE ETF 0.2 125 -69 6.6 -10.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.2 9 47 5.4 -11.3
DGRO iShares Core Dividend Growth ETF 0.2 8 48 6.6 -10.1
VYM Vanguard High Dividend Yield Index ETF 0.2 6 50 7.4 -9.3
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.2 12 44 7.5 -9.1
HLAL Wahed FTSE USA Shariah ETF 0.2 50 6 5.0 -11.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 26 8.4 -8.3
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.2 3 53 5.4 -11.3
DFIV Dimensional International Value ETF 0.2 27 29 10.2 -6.4
VSLU Applied Finance Valuation Large Cap ETF 0.2 49 7 5.8 -10.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.2 3 53 5.1 -11.5
DFUS Dimensional U.S. Equity ETF 0.2 9 47 5.1 -11.6
VOOV Vanguard S&P 500 Value ETF 0.2 10 46 6.5 -10.2
IVE iShares S&P 500 Value ETF 0.2 18 38 6.4 -10.3
SPYV SPDR Portfolio S&P 500 Value ETF 0.2 4 52 6.5 -10.2
VTI Vanguard Total Stock Market ETF 0.2 3 53 5.1 -11.6
IWV iShares Russell 3000 ETF 0.2 20 36 5.0 -11.7
SCHB Schwab U.S. Broad Market ETF 0.2 3 53 5.2 -11.4
VTHR Vanguard Russell 3000 ETF 0.2 10 46 5.1 -11.6
EBI Longview Advantage ETF 0.2 35 21 6.9 -9.8
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 45 5.1 -11.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.2 10 46 5.1 -11.5
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.2 35 21 9.8 -6.9
SCHK Schwab 1000 Index ETF 0.2 5 51 5.3 -11.4
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 41 5.0 -11.6
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 26 8.0 -8.7
USXF iShares ESG Advanced MSCI USA ETF 0.2 10 46 4.8 -11.9
SUSL iShares ESG MSCI USA Leaders ETF 0.2 10 46 5.1 -11.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 36 5.9 -10.7
VTV Vanguard Value ETF 0.2 4 52 7.1 -9.6
IYY iShares Dow Jones U.S. ETF 0.2 20 36 5.0 -11.6
FQAL Fidelity Quality Factor ETF 0.2 15 41 5.7 -10.9
DGRW WisdomTree US Quality Dividend Growth Fund 0.2 28 28 5.7 -11.0
NULC Nuveen ESG Large-Cap ETF 0.2 21 35 4.9 -11.8
IWB iShares Russell 1000 ETF 0.2 15 41 5.1 -11.6
VONE Vanguard Russell 1000 ETF 0.2 8 48 5.2 -11.5
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.2 45 11 4.7 -12.0
EGLE Global X S&P 500 U.S. Revenue Leaders ETF 0.2 19 37 5.3 -11.4
VALQ American Century U.S. Quality Value ETF 0.2 29 27 7.7 -8.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 47 6.1 -10.6
SPXT ProShares S&P 500 Ex-Technology ETF 0.1 9 47 5.7 -11.0
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.1 7 49 5.2 -11.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 23 10.5 -6.2
FDMO Fidelity Momentum Factor ETF 0.1 15 41 3.9 -12.8
FLQL Franklin LibertyQ U.S. Equity ETF 0.1 15 41 5.6 -11.1
QUS SPDR MSCI USA StrategicFactors ETF 0.1 15 41 5.8 -10.9
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.1 8 48 5.2 -11.4
APUE ActivePassive U.S. Equity ETF 0.1 45 11 4.9 -11.8
RVRB Reverb ETF 0.1 30 26 4.8 -11.9
IYJ iShares U.S. Industrials ETF 0.1 40 16 4.5 -12.1
BKLC BNY Mellon US Large Cap Core Equity ETF 0.1 0 56 5.1 -11.5
VOTE TCW Transform 500 ETF 0.1 5 51 5.1 -11.6
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.1 9 47 5.0 -11.7
FLEE Franklin FTSE Europe ETF 0.1 9 47 7.3 -9.4
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 21 5.3 -11.3
SCHX Schwab U.S. Large-Cap ETF 0.1 3 53 5.2 -11.4
PBUS Invesco MSCI USA ETF 0.1 4 52 5.1 -11.6
ILCB iShares Morningstar U.S. Equity ETF 0.1 3 53 5.1 -11.5
VT Vanguard Total World Stock ETF 0.1 7 49 6.2 -10.5
DSPY Tema S&P 500 Historical Weight ETF 0.1 18 38 5.3 -11.3
VFQY Vanguard U.S. Quality Factor ETF 0.1 13 43 6.4 -10.2
SPXN ProShares S&P 500 Ex-Financials ETF 0.1 9 47 5.2 -11.5
PRNT 3D Printing ETF 0.1 66 -10 1.4 -15.3
TOV JLens 500 Jewish Advocacy U.S. ETF 0.1 18 38 4.9 -11.8
QVML Invesco S&P 500 QVM Multi-factor ETF 0.1 11 45 5.3 -11.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.1 20 36 5.3 -11.4
DTD WisdomTree U.S. Total Dividend Fund 0.1 28 28 6.5 -10.2
SPXE ProShares S&P 500 Ex-Energy ETF 0.1 9 47 5.0 -11.6
SPXV ProShares S&P 500 Ex-Health Care ETF 0.1 9 47 4.9 -11.8
TAX Cambria Tax Aware ETF 0.1 49 7 5.2 -11.5
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 47 4.9 -11.7
OPTZ Optimize Strategy Index ETF 0.1 50 6 5.1 -11.6
XVV iShares ESG Screened S&P 500 ETF 0.1 8 48 5.1 -11.6
KLMN Invesco MSCI North America Climate ETF 0.1 9 47 5.2 -11.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 47 5.4 -11.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.1 2 54 5.2 -11.5
CATH Global X S&P 500 Catholic Values Custom ETF 0.1 29 27 4.9 -11.7
EPS WisdomTree U.S. LargeCap Fund 0.1 8 48 6.0 -10.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.1 12 44 4.7 -12.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.1 20 36 4.9 -11.7
TOK iShares MSCI Kokusai ETF 0.1 26 30 5.3 -11.4
IVV iShares Core S&P 500 ETF 0.1 3 53 5.2 -11.5
SPLG SPDR Portfolio S&P 500 ETF 0.1 2 54 5.2 -11.5
SPY SPDR S&P 500 ETF Trust 0.1 9 47 5.1 -11.5
VOO Vanguard S&P 500 ETF 0.1 3 53 5.2 -11.5
STRV Strive 500 ETF 0.1 5 51 5.0 -11.6
DFIC Dimensional International Core Equity 2 ETF 0.1 23 33 7.8 -8.8
URTH iShares MSCI World ETF 0.1 24 32 5.4 -11.3
TXS Texas Capital Texas Equity Index ETF 0.1 49 7 5.8 -10.9
ACVF American Conservative Values ETF 0.1 75 -19 4.5 -12.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 44 5.3 -11.3
ACWI iShares MSCI ACWI ETF 0.1 32 24 5.8 -10.8
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 35 4.0 -12.7
IUSG iShares Core S&P U.S. Growth ETF 0.1 4 52 4.4 -12.3
VV Vanguard Large-Cap ETF 0.1 4 52 5.1 -11.6
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 26 6.2 -10.5
ZSB USCF Sustainable Battery Metals Strategy Fund 0.1 61 -5 9.3 -7.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 17 6.2 -10.5
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 46 6.0 -10.7
THRO iShares U.S. Thematic Rotation Active ETF 0.1 90 -34 4.1 -12.5
GVLU Gotham 1000 Value ETF 0.1 50 6 9.1 -7.5
SPDW SPDR Portfolio Developed World ex-US ETF 0.1 3 53 7.4 -9.3
SFY SoFi Select 500 ETF 0.1 0 56 4.6 -12.0
DFAI Dimensional International Core Equity Market ETF 0.1 18 38 7.5 -9.2
JQUA JPMorgan U.S. Quality Factor ETF 0.1 12 44 5.9 -10.8
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.1 7 49 5.1 -11.6
XCNY SPDR S&P Emerging Markets ex-China ETF 0.1 15 41 7.5 -9.2
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.1 20 36 5.7 -11.0
QUAL iShares MSCI USA Quality Factor ETF 0.1 15 41 5.3 -11.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 -19 4.2 -12.5
STXG Strive 1000 Growth ETF 0.0 18 38 4.0 -12.6
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 15 7.0 -9.6
HKND Humankind US Stock ETF 0.0 11 45 7.4 -9.3
DLN WisdomTree U.S. LargeCap Dividend Fund 0.0 28 28 6.2 -10.5
FIDU Fidelity MSCI Industrial Index ETF 0.0 8 48 4.6 -12.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 15 9.4 -7.2
IWP iShares Russell Mid-Cap Growth ETF 0.0 23 33 3.4 -13.3
INRO iShares U.S. Industry Rotation Active ETF 0.0 42 14 4.9 -11.8
VIS Vanguard Industrials ETF 0.0 10 46 4.7 -12.0
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.0 10 46 5.4 -11.2
JAVA JPMorgan Active Value ETF 0.0 44 12 6.6 -10.1
DHS WisdomTree U.S. High Dividend Fund 0.0 38 18 8.3 -8.3
GSPY Gotham Enhanced 500 ETF 0.0 50 6 5.5 -11.2
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 8 48 8.4 -8.3
FSST Fidelity Sustainable U.S. Equity ETF 0.0 59 -3 4.6 -12.1
SCHG Schwab U.S. Large-Cap Growth ETF 0.0 4 52 4.1 -12.5
DUHP Dimensional US High Profitability ETF 0.0 21 35 6.4 -10.2
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 32 6.6 -10.0
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 42 5.1 -11.5
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.0 12 44 4.6 -12.1
AVDV Avantis International Small Cap Value ETF 0.0 36 20 10.6 -6.1
VWO Vanguard FTSE Emerging Markets ETF 0.0 8 48 10.9 -5.8
IWF iShares Russell 1000 Growth ETF 0.0 19 37 4.5 -12.1
VONG Vanguard Russell 1000 Growth ETF 0.0 8 48 4.6 -12.0
DFIS Dimensional International Small Cap ETF 0.0 39 17 7.8 -8.9
SPRX Spear Alpha ETF 0.0 75 -19 -0.0 -16.7
VXUS Vanguard Total International Stock ETF 0.0 7 49 8.2 -8.4
AVIV Avantis International Large Cap Value ETF 0.0 25 31 9.1 -7.5

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 VanEck Steel ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.0 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 56 bp
Equals: ALTAR Score 16.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.60 CATEGORY
AVERAGE		 1.55
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.